Arvest Investments Inc. Sells 3,529 Shares of Fiserv, Inc. (NYSE:FI)

Arvest Investments Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,342 shares of the business services provider’s stock after selling 3,529 shares during the period. Arvest Investments Inc.’s holdings in Fiserv were worth $2,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC raised its holdings in Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares during the period. Park Place Capital Corp lifted its holdings in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 2,794 shares in the last quarter. Radnor Capital Management LLC purchased a new position in Fiserv during the 3rd quarter valued at about $1,543,000. Acadian Asset Management LLC grew its holdings in Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after buying an additional 44,776 shares in the last quarter. Finally, Choate Investment Advisors increased its position in shares of Fiserv by 80.6% during the first quarter. Choate Investment Advisors now owns 81,441 shares of the business services provider’s stock valued at $13,016,000 after buying an additional 36,347 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on FI shares. Wells Fargo & Company upped their target price on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Oppenheimer began coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group lifted their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Trading Up 0.9 %

Shares of NYSE FI traded up $1.83 during mid-day trading on Friday, hitting $210.70. The stock had a trading volume of 1,761,528 shares, compared to its average volume of 2,811,641. The firm has a market cap of $119.87 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day moving average price of $187.37 and a two-hundred day moving average price of $166.47. Fiserv, Inc. has a 1 year low of $118.42 and a 1 year high of $212.84.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,890 shares of company stock valued at $46,968,117. Company insiders own 0.75% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.